Shares in FTSE-250 explorer and producer Heritage Oil (HOIL) have gained 50% in nine months having fallen below 120p in June 2012 to a current 180p, again nudging higher at the time of writing today on the back of an agreement to farm-in to two licences onshore Papua New Guinea. However, having traded above 200p earlier this year, the following reviews today’s announcement and whether there is still value on offer with Tony Buckingham’s company.
on TradingResearchPoint | CommentsFiled under: